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20121202
20121210
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the fiscal cliff. right after the election wall street dropped 5% when everybody suddenly focused on the fiscal cliff and realized that this was a problem. but since then it's kind of bumped along at this sort of level. i don't think wall street is at all sanguine about the idea that if we went over the fiscal cliff, life would go on as we know it and everything would be fine. >> one of the things that was really interesting to me to bear out that point is ken conrad yesterday who's been so down, i mean, he's leaving the senate. he's done this for seven years. they can't produce deals. and yesterday when i interviewed him, joe, he said i think we're going to make this. i think the boehner offer had significant indicators that something here is going on, and they're going to come together. >> also, kent conrad, a guy -- i've loved him for a long time, deficit hawk. they haven't allowed him to put a budget out for years. he's growing frustrated. i'm sure he's going to be glad to leave. but i was surprised by that as well. you see also, sam stein, republicans are now starting to real
can get this sorted out, you can really move forward, and therefore, i think now that your elections are out of the way, i'm just speaking as an outsider, now your election is out of the way, there's going to be all this bargaining and positions, but my expectations, i hope, and the desire of the world, is sorted out, and we can move on, and then sort our own problems out. >> for those of us in the united states, we see sort of what seems to be two intractable issues. republicans saying we will not raise taxes on the top 2% of earners. the democrats say we're certainly not going to have cuts that hurt spending cuts that hurt the middle class. and as the proposals go on the table they seem intractable on it. >> they do. but you would expect them, the republicans to be more on the tax side and democrats to be more on the we're not cutting spending side. this is pretty routine type of argument. the question is, you know, are they so far apart they can't bridge the gap? i think they could bridge the gap. you know, there have been proposals put forward on a cross-party basis before that v
for years. >> even though democrats won the presidential election? doesn't that change the calculus? >> he would say these people are all safe seats if they don't get against the pledge. norquist has the division so to speak. he could destroy any republican who says the word tax increase. has he said -- he said if they're seduced by democrats in pure thoughts this is the so-called i can smell pornography when i see it. this is pornography for grover norquist. he can smell it when he sees it. he will target. he will destroy republicans who go against the pledge. he's much more powerful than any individual republican. and individual ceo. let's just face it. i've always felt he was the most powerful person in the class of '76 at harvard. enjoyed his success because he was a fellow member of the harvard crimson. i just disagree with him. terrific guy. >> with friends like that -- >> with all due respect to my ex-partner larry kudlow with all due respect. >> the treasury secretary talks about how he does not think that in the end the gop is going to prevent tax rates on the wealthiest from risi
would note that the president was in cam cambodia after the election, and then he was in burma, and secretary clinton moves throughout the region as well as secretary panetta, and the amount of activities i do and my forces do is a prompt jump than what we did in the past, and we're looking for opportunities to do more exercise. we are doing more of those things already, and that's viz l to the allies. i think it's visible to the partners, and i feel it visible to the region. we oftenment to jump to, well, where's the next aircraft carry your or the submarine. that's the signal. we will, over time, as you've heard secretary panetta say, rebalance towards the pacific, and i mentioned opening remarks. we're rapidly moving the most capable assets into the region because of the ballistic missile defense threats we face and those things, so it's about a holistic approach, and what i do on the military side is just one aspect of it. it's got to be tie into the economic side, what's happening in the diplomatic side, and so we're working hard that accomplishes this strategy. >> a quick
. >> reporter: the white house is considering wintour for a plum post as a reward for the president's re-election. >> please join us. but just don't be late. >> reporter: according to "vogue," she's perfectly happy with the job she has. as ambassador, she would bring a different sort of elegance and strength to american diplomacy, as in speak softly and carry a chanel bag. for "good morning america," david wright, abc news, los angeles. >>> take a quick look at your weather before we get you off on your morning. we have a cold front in the northeast. it does look like while the warm air is up against the shoreline, it's almost done. we're dropping the temperatures quickly. buffalo at 37 today. pittsburgh at 37, as well. take a look at philadelphia, into the 50s. quick look at the big board. this is the colder air that sweeps across the country. we'll go into detail, moment by moment, place by place across the doesncountry as we g throughout the morning so you're not surprised by the morning weather. >>> and coming up on "gma" -- fierce fight. a mother gives up her baby for adoption without tellin
election. clinton does not appear to be interested. she told bloomberg she would not be running. bloomberg, a republican will be termed out next year after three terms. clinton is a democrat. >>> editor-in-chief of vogue may be in line for a new job, u.s. ambassador. president obama is considering nominating anna win tour as the next ambassador to -- either united king come or -- kingdom or france she helped bring in more than $500,000 to his reelection campaign and certainly an icon in the fashion world. this would be something new. >> it would be indeed. >>> coming up, ahead the deep one fast food giant is offering to celebrate a big milestone. >>> protecting elderly from scams and abuse, tips to make ♪ [ female announcer ] at yoplait, we want you to feel even better about your favorite flavors. so when you call, tweet, and post, we listen. that's why yoplait light and yoplait original are now made with no high fructose corn syrup. and why we use only natural colors and natural flavors in yoplait original. so, anything else we can do for you, let us know. but you'll keep it to yogurt,
raised millions for the president's re-election. >> please join us, just don't be late. >> reporter: and politicians often reward their biggest fund-raisers. but ambassador anna wintour. privately white house sources say wintour is in the running for a plum diplomatic post, either ambassador to france or britain. wintour may not even want the job. she is, after all, the reigning queen of fashion, and queens don't have to be diplomatic. david wright, abc new, los angeles. >> she has been at "vogue" for 25 years, born in london, 63. apparently you know her quite well. >> yes, there we are. >> she's mad at you because you're not wearing a tie. >> she would be frowning upon most of the things i would wear. i have some kind of weird chest hair pattern in there. >> you have a necklace on. >> is that what it is? you are going david hasselhoff on us. >> we'll be right back. >> yeah! ♪ that's what it's for >> announcer: this is abc's "world news now," inform ñ >>> this morning on "world news now" -- moment of horror. a break in the subway death that has shocked new york. police have captu
Search Results 0 to 6 of about 7